This is broken. Fed buying junk and it's still broken. Almost back to levels prior to the announcement.

Longer term HYG risk proxy and S&P 500 are now back after massive Fed backed move. Interesting that HYG is trending down while Spooz are running higher. Careful peeps. pic.twitter.com/0fvIcnj335
— Gubb (@gubbmintcheese) April 24, 2020

https://twitter.com/jtepper2/status/1253564461308403712

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